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Jul
19
2025
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Understanding Medicare and its various parts, including original Medicare, Medicare Advantage, and Medicare supplements, is crucial for a smooth transition into retirement. Certified financial planner Hans Scheil explains the complexities of Medicare and its impact on healthcare costs, emphasizing the importance of seeking professional advice to navigate the system effectively.
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Jul
12
2025
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God's original Social Security system, the kinsman redeemer, is a biblical concept that has been implemented in modern times through the Social Security system. Understanding how to maximize Social Security benefits, including spouse and widow benefits, is crucial for a secure retirement. Certified Financial Planner Hans Scheil and his team at CardinalGuide.com provide expert advice on navigating the complexities of Social Security and creating a personalized retirement plan.
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Jul
5
2025
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Certified Financial Planner Hans Scheil discusses the importance of planning for taxes in retirement, including Roth conversions and Medicare tax implications, to minimize tax liabilities and maximize wealth transfer to heirs.
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Jun
28
2025
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A certified financial planner explains how inheriting property can result in a 'step up in basis,' reducing capital gains tax, and how this can be strategically used in estate planning to save taxes and benefit heirs.
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Jun
21
2025
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A couple in their 60s can purchase a monthly income guaranteed for life, starting at $2,000 a month, for a total of $331,000. This is achieved by combining two annuities, one paying $2,000 a month for five years, and the other paying $2,000 a month for life. The couple can also collect a cash flow of 7.2% of the total investment, making it a great opportunity to provide a guaranteed income for life.
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Jun
14
2025
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When nearing retirement, individuals often face challenges in managing their IRA or 401k funds. Certified financial planner Hans Scheil discusses the advantages of using a Roth IRA versus cash value life insurance to freeze taxes on retirement funds and provide tax-free inheritance for beneficiaries. He explains how these financial tools can be used to diversify investments, provide long-term care benefits, and offer flexibility in accessing funds during retirement.
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Jun
7
2025
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Comprehensive financial planning includes long-term care insurance, which is a crucial aspect of retirement planning. Without proper planning, families can face serious consequences, including financial strain, caregiver burnout, and irreversible damage to relationships. Long-term care insurance can provide peace of mind and support for individuals and their loved ones, ensuring that they receive the care they need without compromising their financial security.
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May
31
2025
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Managing Medicare Supplement plans can save you money, especially if you've had the same plan for three or four years. Certified financial planner Hans Scheil explains how to shop for the best rates and coverage, including the differences between Plan G, Plan N, and the high deductible Plan G. He also discusses the importance of reviewing your plan every three to four years to ensure you're not overpaying for your coverage.
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May
24
2025
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A certified financial planner discusses the fiduciary duty of a CFP professional, exploring the concept of putting clients' interests ahead of their own, avoiding conflicts of interest, and disclosing potential conflicts. The discussion also touches on the importance of being a fiduciary in a Christian perspective, using biblical knowledge and practical knowledge to assist families in financial planning.
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May
17
2025
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Understanding the different types of retirement savings accounts, including taxable, tax-deferred, and tax-free options, can help individuals optimize their financial planning and minimize taxes in retirement. Certified financial planner Hans Scheil explains how to use a combination of these accounts to create a tax-free retirement income stream.
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